Design a spreadsheet similar to the one below to compute the value of a variable growth rate firm over a five-year horizon. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

1. What is the value of the stock if the current dividend is $1.8, the first stage growth is 19%, the second stage growth is 10%, and the discount rate is 12%?

2. What is the value of the stock if the current dividend is $1.8, the first stage growth is 2%, the second stage growth is 12%, and the discount rate is 14.0%?

3. What is the value of the stock if the current dividend is $3.6, the first stage growth is 11%, the second stage growth is 6%, and the discount rate is 10%?

a. What is the value of the stock if the current dividend is $1.8, the first stage growth is 19%, the second stage growth is 10%, and the discount rate is 12%? Year 1 Year 2 Year 3 Year 4 Year 5 Projected dividend Terminal price Present value b. What is the value of the stock if the current dividend is $1.8, the first stage growth is 2%, the second stage growth is 12%, and the discount rate is 14.0%? Year 1 Year 2 Year 3 Year 4 Year 5 Projected dividend Terminal price Present value c. What is the value of the stock if the current dividend is $3.6, the first stage growth is 11%, the second stage growth is 6%, and the discount rate is 10%? Year 1 Year 2 Year 3 Year 4 Year 5 Projected dividend Terminal price Present value